MEKKAM-12 of the Ministry of Finance of Kazakhstan issue #76 - offering results

/IRBIS, Apr 01, 02/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 76th auction for MEKKAM-12 floatation (365 days). Size of satisfaction of uncompetitive applications is 30% of specified amount. Following is the issue parameters, auction results and comparison with the parameters of previous comparable issue. ---------------------------------------------------------- Type of the securities МЕККАМ-12 МЕККАМ-12 NSIN KZK1KY010760 KZK1KY010752 KASE trade code MКM012.076 MКM012.075 IRBIS registration number 76/12 75/12 Par value, KZT 100.00 100.00 Issuance date Apr 01,02 Nov 22,01 Payment date Apr 02,02 Nov 22,01 Circulation start date Apr 03,02 Nov 23,01 Maturity date Apr 02,03 Nov 22,02 Days in circulation 365 365 Planned volume, m KZT 1,000.0 (+ 700.0) Number of primary dealers 10 (+ 5) Demand, m KZT 638.1 (- 361.1) Max. WA yield on demand, % APR 9.23 (+ 0.21) Actual volume, mln KZT 109.5 (- 86.1) Cut-off price, KZT 93.63 ( 0) WA price, KZT 93.63 ( 0) Max. yield, % APR 6.80 ( 0) WA yield, % APR 6.80 ( 0) WA effective yield, % APR 6.80 ( 0) ---------------------------------------------------------- According to the National Bank no bids were submitted to the auction from non-residents. Relative to previous successful floatation of MEKKAM (KZK1KM061717, MEKKAM-6 #171 dated Mar 04, 02) demand increased by KZT140.8m (28.3%), actual volume of bids decreased by KZT192.4m (63.7%), yield in effective terms rose from 5.60% APR up to the value shown in the table. [2002-04-01]